Adapthealth Corp (AHCO)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,964,920 | 2,013,640 | 2,040,450 | 2,159,160 | 2,094,610 | 2,126,800 | 2,135,620 | 2,169,440 | 2,153,270 | 2,162,090 | 2,170,910 | 2,179,730 | 2,183,550 | 2,187,370 | 1,776,330 | 1,748,830 | 776,568 | 722,730 | 443,248 | 463,553 |
| Total stockholders’ equity | US$ in thousands | 1,571,140 | 1,516,260 | 1,485,820 | 1,461,790 | 1,458,450 | 1,732,480 | 2,180,940 | 2,159,890 | 2,151,160 | 2,154,370 | 2,133,220 | 2,115,360 | 2,061,910 | 1,990,110 | 1,889,960 | 1,788,280 | 354,889 | 360,999 | 8,491 | -33,173 |
| Debt-to-capital ratio | 0.56 | 0.57 | 0.58 | 0.60 | 0.59 | 0.55 | 0.49 | 0.50 | 0.50 | 0.50 | 0.50 | 0.51 | 0.51 | 0.52 | 0.48 | 0.49 | 0.69 | 0.67 | 0.98 | 1.08 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,964,920K ÷ ($1,964,920K + $1,571,140K)
= 0.56
Adapthealth Corp's debt-to-capital ratio has exhibited fluctuations over the period under review, starting at 1.08 as of March 31, 2020, and declining to 0.56 by December 31, 2024. The ratio generally decreased over time, reaching its lowest point of 0.48 on June 30, 2021, before experiencing some slight fluctuations. This trend suggests that the company has been effectively managing its debt levels in relation to its total capital, indicating a potentially improving financial health and lower reliance on debt financing. However, the ratio increased slightly in the most recent quarter as of December 31, 2024, which may warrant further monitoring to ensure sustainable financial stability.
Peer comparison
Dec 31, 2024